LGMN: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LGMN
Largest movements
- Receivables within one year -€153,164
down €153,164 (-20.2%), from €759,466 to €606,303
of which Other amounts receivable: -€195,373
- Cash +€43,435
up €43,435 (+163.7%), from €26,529 to €69,964
mainly Net result for the year (+€175,184) and Receivables within one year (+€153,164)
- Intangible fixed assets -€16,250
down €16,250 (-66.7%), from €24,375 to €8,125
- Reserves -€208,001
down €208,001 (-67.5%), from €308,001 to €100,000
- Profit (loss) carried forward +€75,184
up €75,184 (+56.8%), from €132,387 to €207,572
- Tax, wage and social debts +€10,000
new in 2025: €10,000
- Financial charges +€56,794
up €56,794 (+7881.0%), from €721 to €57,514
- Gross operating margin +€19,201
up €19,201 (+6.9%), from €278,883 to €298,084
- Depreciation +€18,599
up €18,599 (+397.4%), from €4,680 to €23,278
- Financial income -€18,251
down €18,251 (-38.8%), from €47,015 to €28,764
- Taxes -€9,694
down €9,694 (-12.6%), from €76,710 to €67,017
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €822,952 | €696,774 | -€126,178 | -15.3% |
| Fixed assets | 21/28 | €34,149 | €20,507 | -€13,642 | -39.9% |
| Intangible fixed assets | 21 | €24,375 | €8,125 | -€16,250 | -66.7% |
| Tangible fixed assets | 22/27 | €9,749 | €12,357 | +€2,608 | +26.7% |
| Furniture and vehicles | 24 | €9,749 | €12,357 | +€2,608 | +26.7% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €788,803 | €676,267 | -€112,536 | -14.3% |
| Amounts receivable within one year | 40/41 | €759,466 | €606,303 | -€153,164 | -20.2% |
| Trade receivables | 40 | €100,681 | €142,890 | +€42,209 | +41.9% |
| Other amounts receivable | 41 | €658,785 | €463,413 | -€195,373 | -29.7% |
| Cash at bank and in hand | 54/58 | €26,529 | €69,964 | +€43,435 | +163.7% |
| Deferred charges and accrued income | 490/1 | €2,807 | - | -€2,807 | |
| Total equity and liabilities | 10/49 | €822,952 | €696,774 | -€126,178 | -15.3% |
| Equity | 10/15 | €490,389 | €357,572 | -€132,817 | -27.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €308,001 | €100,000 | -€208,001 | -67.5% |
| Distributable reserves | 133 | €308,001 | €100,000 | -€208,001 | -67.5% |
| Profit (loss) carried forward | 14 | €132,387 | €207,572 | +€75,184 | +56.8% |
| Amounts payable | 17/49 | €332,564 | €339,202 | +€6,639 | +2.0% |
| Amounts payable within one year | 42/48 | €332,564 | €339,202 | +€6,639 | +2.0% |
| Financial debts | 43 | €657 | - | -€657 | |
| Credit institutions | 430/8 | €657 | - | -€657 | |
| Trade debts | 44 | €15,866 | €21,201 | +€5,335 | +33.6% |
| Suppliers | 440/4 | €15,866 | €21,201 | +€5,335 | +33.6% |
| Taxes, remuneration and social security | 45 | - | €10,000 | +€10,000 | |
| Taxes | 450/3 | - | €10,000 | +€10,000 | |
| Other amounts payable | 47/48 | €316,040 | €308,001 | -€8,039 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,680 | €23,278 | +€18,599 | +397.4% |
| Other operating charges | 640/8 | €400 | €3,854 | +€3,454 | +862.9% |
| Gross operating margin | 9900 | €278,883 | €298,084 | +€19,201 | +6.9% |
| Operating profit (loss) | 9901 | €273,803 | €270,952 | -€2,852 | -1.0% |
| Financial income | 75/76B | €47,015 | €28,764 | -€18,251 | -38.8% |
| Recurring financial income | 75 | €47,015 | €28,764 | -€18,251 | -38.8% |
| Financial charges | 65/66B | €721 | €57,514 | +€56,794 | +7881.0% |
| Recurring financial charges | 65 | €721 | €57,514 | +€56,794 | +7881.0% |
| Profit (loss) for the period before taxes | 9903 | €320,098 | €242,201 | -€77,897 | -24.3% |
| Income taxes | 67/77 | €76,710 | €67,017 | -€9,694 | -12.6% |
| Profit (loss) for the period | 9904 | €243,387 | €175,184 | -€68,203 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €243,387 | €175,184 | -€68,203 | -28.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.